So it looks like the Build Back Better bill is starting to come together, and it turns out that social infrastructure is a massive tax cut for affluent suburbanites in New York, California, Hawaii, Vermont, and around Chicago.
This would be a $500 BILLION TAX CUT, with over $400 billion going to the top 5% of households.
This is more than they are spending on ANYTHING ELSE in the bill. It’s 2.5x as much as they are spending on child tax credit and EITC combined! https://t.co/LqJaXXYihJ
— Marc Goldwein – GET VAXXED! (@MarcGoldwein) November 2, 2021
Can’t say I’m totally shocked. Seats in New York and New Jersey do matter, and Dems have picked up some by campaigning hard on fully restoring State and Local Tax Deductions. Even some of the progressive stars of the new Congress, like Mondaire Jones, made this the centerpiece issue in their primary campaigns.